Hi,
I'm new to the forum and have been looking over several possible ways to maximise my earnings from Bitcoin on a daily/weekly basis as a secondary income
During the recent growth, my Coinbase account shows me the daily, weekly, monthly growth in £/$ & %
All my investment is currently in Bitcoin, but in theory if each day my investment grows by 5% for example, is it wise to withdraw that percentage to use as an 'income'. My fear of this is that although my original investment will remain untouched I will be selling a portion of the bitcoin and the more times I do this I will be left with 0.00000 BTC
I have thought of so many pros and cons to the above that I thought id ask
Any thoughts or advice would be appreciated
It's a wise thing to do if you need the income and are afraid of not receiving anything but at the same time I would strongly advise against it. If you can make 5% a day you can roughly double your investment every fortnight and within a year you will have some crazy return in the millions times your initial investment. I don't think 5% a day is feasible but if you can do it then don't remove your money!